Quote: Tony Fax "For me, the alarm bells started ringing when the club couldn't afford to pay the rent arrears and had that old chestnut "a payment plan" in place. If they can't afford to pay now, then why would they be able to eventually pay in the future when the club continues to make a loss?
The same goes for asking for loans. Where is the money going to come from to repay these loans? And what was the "six figure boost" they were expecting which was withdrawn? Why was it withdrawn?
The irony is, if there is a knight in shining armour, if he has any business sense then he'd see the club go into administration and buy the club with a clean slate letting old debts be written off. So whatever way you look at it administration is the best option, and by the time it's served then the season should be over and any points deduction will happen next season.
Some have said there's no way the Council will sell the Shay for housing, but with no RL club I don't think they'll really have a choice. I reckon a Shay sale will raise enough money to build 2 smaller stadiums for Town and Fax on the outskirts, and not just stadiums, but including additional facilities to generate other income. Then the Council will rake in loads of money from the Shay redevelopment through rates and council tax. That's all the Council is good for, collecting rates and emptying the bins (and they aren't even good at that). They can't be trusted to own and run any assets.'"
When Abbott was sniffing round, I think the Shay had a value of £2.5m. How will this pay for 2 new stadiums? Also, have a look on Google Maps and pinpoint where you think two new stadiums could go?
